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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net (loss) income $ (69,063) $ (18,247)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 29,790 30,998
Equity-based compensation 6,377 7,100
Other, net 1,301 641
Changes in operating assets and liabilities:    
Accounts receivable, net 24,572 8,385
Inventories (5,761) 10,102
Prepaid expenses and other assets 5,529 28,599
Accounts payable 3,207 10,528
Accrued royalties (14,967) (2,325)
Accrued expenses and other liabilities (25,427) (15,386)
Net cash (used in) provided by operating activities (44,442) 60,395
Investing Activities    
Purchases of property and equipment (16,211) (13,261)
Sale of Funko Games inventory and certain intellectual property 0 6,754
Other, net 970 518
Net cash used in investing activities (15,241) (5,989)
Financing Activities    
Borrowings on line of credit 85,000 0
Payments on line of credit 0 (30,500)
Payments of long-term debt (11,530) (19,644)
Other, net 193 859
Net cash provided by (used in) financing activities 73,663 (49,285)
Effect of exchange rates on cash and cash equivalents 516 (23)
Net change in cash and cash equivalents 14,496 5,098
Cash and cash equivalents at beginning of period 34,655 36,453
Cash and cash equivalents at end of period $ 49,151 $ 41,551